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Latest Business News: Retailers Report Strong Gains for June

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July 11, 2013 AT 11:15 AM
June sales heated up for stores. Costco Corp., Fred's Inc. and Stein Mart Inc. were among the retailers that reported their strongest sales gains since January, as shoppers, enticed by warm weather and an improving economy, took advantage of summer discounts. The data offers positive signs for the back-to-school season, which is the second-biggest shopping period behind the winter holidays.